Farnhamville, IA vs Fayette, IA

There is a significant gap in the cost of living between these two cities. Farnhamville is 15.1% cheaper than Fayette. With a cost index of 60 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Farnhamville to Fayette should plan for substantially higher expenses across most categories.

On the housing front, median rent in Farnhamville is $754/month compared to $963/month in Fayette — a 22% difference. Home values follow the same pattern: Farnhamville is more affordable at $69,200 median vs $123,300.

Median household income in Farnhamville is $55,000 compared to $39,297 in Fayette (+40%). Farnhamville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Farnhamville spend roughly 16.5% of their income on rent, less than the 29.4% in Fayette.